<Only a socialist or a child would believe that any President has much effect on the economy. Seriously>
CB, you are very seriously AWOL with that one.
That's saying that President AWOL has insignificant powers, which means the hype and hysteria over the election would as well be directed at a red ant versus black ant match over a piece of cheese on the side of a dusty road somewhere.
We all know that what the President does has a substantial impact on the USA. He appoints Supreme Court judges for a start, who mess with the constitution and a lot more besides [such as deciding who is President]. I'm sure you can think of other effects that a President has. The President doesn't just fiddle with finances, but nevertheless has large economic effects.
I'm not a socialist or a child. But I think that not only does the President have a large effect on the USA economy, they have a large effect on my economy, not to mention the world's economy.
Sure, they don't single-handedly do it all, but they can certainly mess up a LOT. They set the rules and the rest of us are stuck with them. Yes, Congress, the Senate and Supreme Court all dabble too. We all have a dabble and have an effect, to a greater or lesser extent. Even I have an effect on the USA economy, albeit a small one, and I don't have an Oval Office and a vast military to back me up and a whole bunch of constitutional powers.
Clinton for example, in cahoots with Uncle Al KBE, did a financial rescue of Mexico in about 1995, which could have led to a cascading financial and economic problem. He wisely re-appointed our great and estimable idol, Mr Green$pan, who stemmed the cascading flood of debt collapse emanating from the crash of Globalstar's Zenit over Siberia which precipitated the Long Term Capital Management saga which was in the midst of the Asian Contagion.
5.4% unemployment is related to tightened unemployment rules and the need to get out and get a job, any job. A Dow over 10,000 is in part related to the shrinking of the measuring stick [the US$] due to the special theory of relativity = as the speed of production of new US$ increases, time dilatation means the size of the dollar shrinks so things appear bigger than they are. In lay language, for those who count on their fingers and get writer's block when they contemplate Shrodinger's equation's implications, a loaf of bread cost a dime a century ago and a dollar today [give or take a few slices]. Dimes to dollars! Dow 10,000 will be Dow 20,000 soon enough, but we won't be any richer [in loaves of bread, though we will in CDMA cyberphones thanks to the technological revolution which was barely touched by the Y2K judder bar].
Mqurice [extreme right wing olde geezer] |
